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Norilsk Gold Arm Sells 20% Stake of Gold Fields

Russian metals giant Norilsk Nickel said on Monday

Russian metals giant Norilsk Nickel said on Monday that its gold production arm, Polyus Gold, had sold its 20% stake in South African gold miner, Gold Fields.

Polyus sold its 98468-million Gold Fields shares at $20.50 a share, on an agency basis via investment banks Goldman Sachs and Citigroup, for an implied sale price of $2,019bn.